Planning to close my CSP

For just about anything you want to get off your chest about credit cards.
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wiivile
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Postby wiivile » Wed Jan 15, 2014 10:18 pm

what just went down here
    Chase Sapphire Preferred Visa Signature: 11/2013, $15,000 CL
    Chase Freedom Visa: 11/2009, $4,700 CL
    U.S. Bank Cash+ Visa Signature: 11/2013, $11,200 CL


TheLethargicAge
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Postby TheLethargicAge » Wed Jan 15, 2014 10:38 pm

Leaving the garden...that's a paddlin'.
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)

MemberSince99
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Postby MemberSince99 » Thu Jan 16, 2014 6:46 am

Yep. A biatch-slappin would be more appropriate I think. I woke up thinking how dumb can a person get but I just demonstrated that.


Worst of all I lost my bronze spade.

MemberSince99
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Postby MemberSince99 » Thu Jan 16, 2014 6:53 am

samhradh wrote: :beat:

Goodness gracious. Well, get on that recon line!




Not sure it's worth it. Chase and Amex REALLY don't want my business. They are willing to do some with me, but I'm still kind of a pariah to both of them, as it should be. I mean when you get a pre-approval and still no instant given a past like mine with a company though an excellent present, it's pretty clear where you stand. There are just too many other lenders out there to try to force what isn't happening. I may call but I honestly won't be heart broken if they say NO. I'll just cultivate with the other lenders as I planned to.

wiivile
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Postby wiivile » Thu Jan 16, 2014 7:45 am

btw, if you close your CSP, you'll miss out on awesome stuff like this. thanks chase you actually made me smile!

no, january 15 wasnt my bday, but it is in a few days...

Image
    Chase Sapphire Preferred Visa Signature: 11/2013, $15,000 CL
    Chase Freedom Visa: 11/2009, $4,700 CL
    U.S. Bank Cash+ Visa Signature: 11/2013, $11,200 CL

MemberSince99
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Postby MemberSince99 » Thu Jan 16, 2014 8:17 am

Well Happy Birthday a few days early to you then. I remember I got that as well on my birthday.


I called them this morning I figured I might as well play this to the end win lose or draw. (But then my judgement blows so what do I know...). So they asked the usual questions which I used to find annoying but since I'm thinking they are risking money on you, I don't find annoying anymore (frankly I find what employers do much worse than what credit card companies do. That's another topic but some of them are pretty extreme). So after that, then I was approved for 7k.


So, that says my internal limit with Chase is at least 12k. And I can move 5k to the CSP if I want to in the future. But Freedom is a nice card on its own so I think I want to keep that.


I did get the card and can do the 10k limit now, but I still should have stayed in the garden so shame on me. 09Lexie you may beat me raw for my foolishness, though you'll never see this! At least in another month I'll have my bronze spade back.

wiivile
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Postby wiivile » Thu Jan 16, 2014 8:54 am

btw, every time i consider closing my CSP for a better earnings card (like the Barclay Arrival for example), I see things like this:

Image

You think British Airways Avios are worthless because of their fuel surcharges, but on destinations where they don't charge fuel surcharges, they're a steal! Can fly roundtrip to Rio for just 15,000 UR points (which is practically nothing) and $450.

This is where the CSP shines. If you like to travel, don't close it. If you don't like to travel, then get a different card, because the CSP is a travel card.
    Chase Sapphire Preferred Visa Signature: 11/2013, $15,000 CL
    Chase Freedom Visa: 11/2009, $4,700 CL
    U.S. Bank Cash+ Visa Signature: 11/2013, $11,200 CL

MemberSince99
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Postby MemberSince99 » Thu Jan 16, 2014 9:33 am

Yeah it wouldn't make sense to close it now. That leaves me with two cards with fees due this year - CSP and Amex Gold. I can live with that.

wiivile
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Postby wiivile » Thu Jan 16, 2014 9:46 am

But do you travel? Do you see yourself taking advantage of frequent flyer deals like the above? If not, don't bother with the CSP, because that's where it gets its value.
    Chase Sapphire Preferred Visa Signature: 11/2013, $15,000 CL
    Chase Freedom Visa: 11/2009, $4,700 CL
    U.S. Bank Cash+ Visa Signature: 11/2013, $11,200 CL

MemberSince99
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Postby MemberSince99 » Thu Jan 16, 2014 10:14 am

Curerntly no. But it's on the agenda for the future. My current priority is getting a home. After that, then I will do some.



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